CML Microsystems PLC Directorate Change (8728U)
27 Novembre 2019 - 1:15PM
UK Regulatory
TIDMCML
RNS Number : 8728U
CML Microsystems PLC
27 November 2019
CML Microsystems Plc
(The "Company" or the "Group")
Director change
CML Microsystems Plc, which designs, manufactures and markets
semiconductor solutions primarily for global communication and
solid state storage markets, announces that Neil Pritchard, Group
Financial Director, has resigned from the Group, in order to pursue
other career opportunities.
The Board has begun a process to appoint a successor and a
further announcement will be made in due course.
Neil will remain as a Board member with the Group, in his
current role, for a period of time to support the business during
the recruitment process.
Nigel Clark, Group Non-Executive Chairman of CML Microsystems
said:
"On behalf of the Board, I wish to thank Neil, a highly
competent and delightful colleague, for his dedication and
invaluable contribution to the Group's development. Neil has worked
tirelessly since joining the Group in 2015 and we wish him well in
the future."
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44 (0)1621 875 500
Nigel Clark, Non-Executive Chairman
Shore Capital Tel: +44(0)20 7408 4090
Edward Mansfield
James Thomas
SP Angel Corporate Finance LLP Tel: +44(0)203 463 2260
Jeff Keating
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Caroline Forde
About CML Microsystems Plc
CML designs and develops semiconductors for the industrial
storage and communications markets. The Group utilises a
combination of in-house and outsourced manufacturing and has
trading operations in Europe, the Far East and USA. CML targets
niche markets with strong growth profiles and high barriers to
entry. It has secured a diverse, blue chip customer base, including
some of the world's leading telecoms equipment providers and
industrial product manufacturers
The spread of its customers and products largely protects the
business from the cyclicality usually associated with the
semiconductor industry. Growth in its end markets is being driven
by factors such as the ever increasing trend towards solid state
storage devices in the commercial and industrial sectors, the
upgrading of telecoms infrastructure around the world and the
growing prevalence of private commercial communications networks
for voice and/or data communications linked to the industrial
internet of things (IIoT).
The Group is cash-generative, has a net cash position and is
dividend paying.
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END
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